OVERVIEW
The AuditMiner program is based on the idea that no matter where plan assets are held, the plan’s audit package and reports all look the same. Processing takes a few minutes and the resulting workpapers are intuitive for auditors.
WHAT'S INCLUDED
The following AuditMiner workpapers are provided for each TPA:
Plan Analytics
Often utilized as preliminary analytical procedures performed during the risk assessment process.
Participant Activity Detail
Provided at 3 levels: Summary in Total, By Investment, and By Money Source
Income Allocation Testing
Produced with a random sample from the Participant Activity Detail.
Loan Package
Includes the population, a sample section with attributes for testing, and procedures to consider performing.
Distribution Package
Includes the population, a sample selection with attributes for testing, and procedures to consider performing.
Investment Disclosure Support
Includes detail needed for the Schedule of Assets and also a concentration analysis.
Contribution Timeliness
Includes a schedule of all paydays (if provided by the TPA), money source of the remittance, the date received by the TPA, and a calculation of days to remit.
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